Visiting researchers

Research topic
  • Growth and Innovation

  • Frank Venmans

    Visiting Fellow


    Frank has a Master in Bio-engineering from the University of Ghent and an MSc in Economics and Management from the University of Mons (Belgium). He was a Visiting Research Student at the LSE in 2013-2014. Conducting a multi-criteria analysis of the EU Emission Trading Scheme, he finished his PhD in 2013. He is currently assistant professor at the Microeconomics Department of the University of Mons and was elected president of the Expert Committee on Climate Change for the Government of Wallonia (Belgium) in 2017.

    Research interests

    • Climate cost-benefit analysis
    • Dynamic optimization under uncertainty
    • The effect of inequality aversion; loss aversion and habit formation on environmental discounting
    • Economic impacts of the EU ETS
    • Compliance in the EU ETS
    Working paper  18 November, 2019

    Inequality aversion and the environment

    In this paper the authors provide experimental evidence to illustrate that aversion to environmental inequality is as pronounced as aversion to income inequality and varies across different types of environmental quality. read more »

    Research article  1 July, 2019

    Cumulative carbon emissions and economic policy: In search of general principles

    We exploit recent advances in climate science to develop a physically consistent, yet surprisingly simple, model of climate policy. It seems that key economic models have greatly overestimated the delay … read more »

    Research article  12 February, 2019

    The endowment effect, discounting and the environment

    There is a considerable body of evidence showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this paper, we consider the implications of … read more »

    Working paper  4 January, 2019

    Steering the climate system: an extended comment

    The authors of this comment respond to a recent argument put forward by Lemoine and Rudik (2017), that it is efficient to delay reducing carbon emissions because there is substantial inertia in the climate system. Mattauch et al. show that there is no such inertia, which means there is no lag between carbon emissions and warming. read more »


    Working paper  8 November, 2017

    Cumulative carbon emissions and economic policy: in search of general principles

    The authors of this paper have built a model of economically-efficient carbon dioxide emissions, which provides solutions for economically optimal peak warming of the planet, optimal emissions along the transition to peak warming, and optimal carbon prices, including under a temperature constraint consistent with the Paris Agreement. read more »


    Working paper  5 August, 2016

    The endowment effect and environmental discounting

    There is a considerable body of evidence from behavioural economics and contingent valuation showing that our preferences exhibit both reference dependence and loss aversion, a.k.a. the endowment effect. In this … read more »

    More in research publications

    Grantham Workshop 29 May 2019

    Inequality Aversion and the Environment | Frank Venmans and Ben Groom

    Frank Venmans and Ben Groom will be discussing their paper Inequality Aversion and the Environment. Abstract Measures of inequality aversion and pure time preference are elicited in environmental domains using … read more »

    More in events